(Bloomberg) -- The yen headed for a weekly loss on
speculation Bank of Japan Governor Toshihiko Fukui will signal
plans to raise the overnight lending rate gradually after
leaving it unchanged today.
The yen traded near a 4 1/2-year low against the dollar as
the lowest borrowing costs in the industrialized world spur
investors to take out loans in Japan and buy higher-yielding
assets in so-called carry trades. Fukui will speak today after
policy makers unanimously decided to keep the benchmark rate at
0.5 percent for a fifth meeting.
Read more at Bloomberg Currencies News
speculation Bank of Japan Governor Toshihiko Fukui will signal
plans to raise the overnight lending rate gradually after
leaving it unchanged today.
The yen traded near a 4 1/2-year low against the dollar as
the lowest borrowing costs in the industrialized world spur
investors to take out loans in Japan and buy higher-yielding
assets in so-called carry trades. Fukui will speak today after
policy makers unanimously decided to keep the benchmark rate at
0.5 percent for a fifth meeting.
Read more at Bloomberg Currencies News
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